Question
ASX listed company, Vulcan Energy, announced to the market on 10/Dec/2021 the acquisition of a renewable plant. Based on the first two pages of this
ASX listed company, Vulcan Energy, announced to the market on 10/Dec/2021 the acquisition of a renewable plant. Based on the first two pages of this announcement and the company's financial statements (2021 Annual Report), explain what does the management mean by the following statement on page 2 of the market announcement, "This is a significant, first step in establishing Vulcan as a revenue generating, renewable energy producer." How did the company revenue generation prior to this event? How will this event change the Consolidated Statement of Profit or Loss and Other Comprehensive Income? Explain
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